CoinShares: Digital asset investment products attracted $1.9 billion in inflows last week, and no digital asset investment products saw outflows

PANews reported on January 27 that according to the latest weekly data from CoinShares, digital asset investment products attracted a total of $1.9 billion in inflows last week, bringing the total year-to-date (YTD) inflows to $4.8 billion, influenced by the recent presidential executive order proposing to use Bitcoin as a strategic reserve asset. Despite the small price fluctuations last week, the trading volume was still as high as $25 billion, accounting for 37% of the total trading volume of trusted crypto exchanges.

In terms of Bitcoin, inflows last week reached $1.6 billion, and the total YTD inflow reached $4.4 billion, accounting for 92% of all inflows in the digital asset field. In addition, as the price of Bitcoin hit a record high before the presidential inauguration, short Bitcoin ETFs also regained attention, with inflows of $5.1 million.

In the altcoin sector, Ethereum has recovered, with an inflow of $205 million last week; XRP also attracted an inflow of $18.5 million. Among other smaller digital assets, Solana, Chainlink and Polkadot recorded inflows of $6.9 million, $6.6 million and $2.6 million respectively. It is worth noting that there was no outflow of funds from all digital asset investment products last week.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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